iA Financial (TSE:IAG) Stock Gets Price Target Increase from TD

iA Financial (TSE:IAG) had its price objective lifted by equities researchers at TD from C$219.00 to C$225.00 in a research note issued on Tuesday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD‘s price target points to a potential upside of 3.21% from the company’s current price.

IAG has been the topic of several other research reports. Scotia increased their target price on iA Financial from C$198.52 to C$223.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. National Bank Financial boosted their price target on iA Financial from C$215.00 to C$221.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Scotiabank upped their price objective on iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada raised their price objective on iA Financial from C$167.00 to C$213.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Finally, Canadian Imperial Bank of Commerce raised their price objective on iA Financial from C$208.00 to C$220.00 in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$214.95.

iA Financial Stock Up 2.1%

Shares of TSE IAG traded up C$4.39 during midday trading on Tuesday, reaching C$218.00. 187,421 shares of the company’s stock traded hands, compared to its average volume of 325,303. The stock’s 50 day simple moving average is C$209.06 and its 200-day simple moving average is C$185.52. iA Financial has a one year low of C$145.44 and a one year high of C$225.14. The company has a market cap of C$19.27 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.26 and a beta of 0.74.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Monday, November 9th. The company reported C$4.03 earnings per share (EPS) for the quarter. The company had revenue of C$3.06 billion for the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. Equities analysts predict that iA Financial will post 11.62 EPS for the current fiscal year.

iA Financial Company Profile

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc.